GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL) Shares Down 7.7% – Should You Sell?

GraniteShares 2x Long RDDT Daily ETF (NASDAQ:RDTL)’s stock price traded down 7.7% during trading on Friday . The company traded as low as $47.76 and last traded at $48.40. 280,925 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 533,117 shares. The stock had previously closed at $52.46.

GraniteShares 2x Long RDDT Daily ETF Stock Down 7.7%

The business’s fifty day simple moving average is $43.48 and its 200 day simple moving average is $42.73.

Institutional Trading of GraniteShares 2x Long RDDT Daily ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC bought a new position in GraniteShares 2x Long RDDT Daily ETF in the second quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of GraniteShares 2x Long RDDT Daily ETF during the second quarter worth approximately $75,000. Mirae Asset Securities USA Inc. bought a new position in shares of GraniteShares 2x Long RDDT Daily ETF in the 3rd quarter worth $1,169,000. Finally, Susquehanna International Group LLP grew its position in GraniteShares 2x Long RDDT Daily ETF by 44.0% in the 3rd quarter. Susquehanna International Group LLP now owns 35,477 shares of the company’s stock valued at $2,074,000 after purchasing an additional 10,838 shares during the period.

GraniteShares 2x Long RDDT Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Long RDDT Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, designing, developing, manufacturing, marketing, selling, and supporting a wide range of comprehensive and integrated solutions, products, and services sectors.